Korea Joongang Daily
Korea JoongAng Daily

Korean crypto mogul Do Kwon pleads guilty to fraud charges in massive crypto crash

Disgraced Korean crypto mogul Kwon Do-hyeong, better known as Do Kwon, pleaded guilty on Tuesday to a set of fraud charges, as he stands trial over a crypto crash that resulted in over $40 billion in losses to investors.

2025-08-13

Crypto boss Do Kwon expected to plead guilty in U.S. fraud case

Do Kwon, the Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday.

2025-08-12

Korean crypto mogul Do Kwon pleads not guilty to U.S. fraud charges

Korean crypto mogul Do Kwon pleaded not guilty Thursday to criminal fraud charges after he was extradited to the United States from Montenegro earlier this week, according to media reports.

2025-01-03

Crypto mogul Do Kwon extradited to U.S. to face fraud charges

Montenegro on Tuesday extradited a Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request.

2025-01-01

Montenegrin gov't to extradite crypto fugitive Kwon to U.S. for trial: report

The Montenegrin government will extradite Korean crypto mogul Do Kwon to the United States for trial, according to local reports.

2024-12-28

Montenegro court dismisses crypto mogul Do Kwon's extradition appeal

Montenegro's Constitutional Court has dismissed an appeal lodged by Korean crypto mogul Do Kwon over a verdict on his extradition, a report said Tuesday.

2024-12-25

Montenegrin prime minister found to have invested in Do Kown's cryptocurrency

Montenegro's prime minister, Milojko Spajic, was found to have invested in Terraform Labs' Luna cryptocurrency, rekindling interest in his ties to Do Kwon.

2024-06-19

Do Kwon, Terraform agree to pay $4.47 billion to settle crypto collapse lawsuit

The disgraced founder of Terraform Labs, behind TerraUSD and Luna, agreed to settle the lawsuit brought by the U.S. SEC over the collapse of the cryptocurrencies.

2024-06-13

Terraform Labs and founder challenge SEC's $5.3 billion fine

Lawyers representing crypto company Terraform Labs and its disgraced founder Do Kwon demanded a reduced fine from the U.S. Securities and Exchange Commission (SEC), which proposed a $5.3 billion fine over the crash of TerraUSD and Luna coins in 2022.

2024-04-30

Do Kwon's extradition to Korea nixed by Montenegro's top court

The Supreme Court of Montenegro scrapped the extradition of Terraform Labs founder Do Kwon to his home country of Korea.

2024-04-07